US BROKER MOVES: OKTA upgraded at Raymond James; FLUT double downgraded at Citi
UPGRADES
- Allogene (ALLO) Upgraded to Neutral at JPMorgan
- Blackstone Mortgage (BXMT) Upgraded to Overweight at JPMorgan; PT USD 21
- Bread Financial Holdings (BFH) US Upgraded to Equal-Weight at Morgan Stanley; PT USD 91
- DraftKings (DKNG) Upgraded to Outperform at Davy; PT USD 28.50
- Equitable Holdings (EQH) Upgraded to Strong Buy at Raymond James; PT USD 58
- Flywire (FLYW) Upgraded to Buy at BTIG; PT USD 17
- Hamilton Lane (HLNE) Upgraded to Overweight at JPMorgan; PT USD 166
- NextNav (NN) Upgraded to Outperform at Oppenheimer
- Okta (OKTA) Upgraded to Outperform at Raymond James; PT USD 85
DOWNGRADES
- FedeInitiated at Hermes (FHI) Downgraded to Underweight at JPMorgan; PT USD 56
- Flutter (FLUT) Downgraded to Sell at Citi; PT USD 92.34
- Gitlab (GTLB) Downgraded to Neutral at UBS; PT USD 24
- PayPal (PYPL) Downgraded to Neutral at Mizuho Securities
- Shift4 Payments (FOUR) Downgraded to Neutral at Seaport Global Securities
- SPS Commerce (SPSC) Downgraded to Neutral at Rothschild & Co Redburn; PT USD 60
- Two Harbors (TWO) Downgraded to Underweight at JPMorgan; PT USD 11
INITIATIONS
- Aclaris (ACRS) Initiated at New Outperform at Oppenheimer; PT USD 10
- Autoliv (ALV) Reinstated Buy at BofA
- CoreWeave (CRWV) Initiated at New Outperform at Wolfe; PT USD 150
- Dick's Sporting (DKS) Initiated at New Buy at BTIG; PT USD 300
- Diversified Energy (DEC) Initiated at New Overweight at Stephens; PT USD 24
- Eastern Bankshares (EBC) Initiated at New Overweight at Stephens; PT USD 24
- Equifax (EFX) Initiated at New Outperform at Mizuho Securities; PT USD 222
- Fair Isaac (FICO) Initiated at New Outperform at Mizuho Securities; PT USD 1,416
- Henry Schein (HSIC) Initiated at New Neutral at BTIG
- Independent Bank Corp (INDB) Initiated at New Overweight at Stephens; PT USD 88
- Kaiser Aluminum (KALU) Initiated at New Overweight at KeyBanc; PT USD 170
- Kalaris Therapeutics Inc (KLRS) Initiated at New Overweight at Morgan Stanley
- MDU Resources (MDU) Initiated at New Neutral at JPMorgan; PT USD 22
- MindWalk Holdings Corp (HYFT) Initiated at New Buy at Jones; PT USD 5
- New Era Energy & Digital (NUAI) Initiated at New Outperform at Northland
- New Era Energy & Digital (NUAI) Initiated at New Buy at Texas Capital
- Pfizer (PFE) Initiated at New Outperform at CICC; PT USD 33
- Pvt Bancorp America (PBAM) Initiated at New Buy at Janney Montgomery; PT USD 80
- TransUnion (TRU) Initiated at New Neutral at Mizuho Securities; PT USD 80
- Whitehawk Therapeutics I (WHWK) Initiated at New Market Outperform at Citizens
Context
Raymond James upgraded Okta to Outperform, indicating positive sentiment on its growth potential, which may drive buying interest. Conversely, Flutter's double downgrade at Citi to Sell suggests significant concern over its outlook, likely impacting market sentiment negatively for that stock. These rating changes could influence sector performance and investor positioning ahead of upcoming earnings announcements.
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